On the morning of March 29, 2016, VOLINCO concluded a strategic cooperation agreement with China National Oil and Gas Exploration and Development Corporation (CNODC), a PetroChina subsidiary specializing in overseas oil & gas exploration and development and relevant business and running more than 90 oil & gas projects in over 30 countries on five continents around the globe.

The two partners will carry out in-depth cooperation in such fields as oil & gas trade, overseas oilfield development, and oil & gas assets. This cooperation also marks the start of VOLINCO’s deep integration with a large-scale specialized SOE at the business level.